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Navigating the process of buying a new home in Dimmitt, TX while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Dimmitt, TX or getting it ready for the market.
Identify the new home you want to buy in Dimmitt, TX, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Dimmitt, TX often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Dimmitt, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dimmitt, TX. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Dimmitt, TX do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Dimmitt, TX may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Dimmitt, TX provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Dimmitt, TX to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Dimmitt, Texas offer a valuable financing option for homeowners looking to purchase a new property before selling their existing one. These short-term loans provide the flexibility to cover the down payment on a new home, allowing homeowners to secure their dream home without the stress of timing the sale of their current property. Demographics: Dimmitt, Texas, is a vibrant city with a population of approximately 4,000 residents. The community is known for its diverse population, including a mix of young professionals, families, and retirees. The city boasts a strong sense of community and offers a range of amenities, including top-rated schools, healthcare facilities, and recreational opportunities. Housing Market: The housing market in Dimmitt, Texas, is currently experiencing steady growth, with a balanced mix of single-family homes, condominiums, and apartments available for buyers. The median home price in Dimmitt is competitive, making it an attractive option for first-time homebuyers and investors alike. Main Attractions: Dimmitt, Texas, is home to several main attractions, including the XIT Museum, which showcases the history of the famous XIT Ranch, and the Bob Wills Museum, honoring the legendary country musician. Additionally, the city offers a variety of parks, shopping centers, and dining options for residents to enjoy.
Benefits of Bridge Loans in Dimmitt, Texas
